Top Reasons Why We Should Consider To Start Online Work
Are you tired of working full-time with your traditional work? Have you ever thought of starting your own work schedule? In today’s world, everything goes online, so it’s not uncommon for normal people to find success with various online work models involving anything from selling digital products, drop-shipping physical goods, offering special services, monetizing their site with ads, to promoting other businesses as an affiliate.
While many people don’t think that it’s possible to start their own businesses due to the high costs that are usually involved, the online business model has a very low barrier to entry. The risk can be as low as a few hundred dollars while the potential reward is the ability to take control of your time and your life. It’s normal to feel skeptical and hesitant about starting your own online business due to lack of knowledge or experience. But here are some reasons why you should strongly consider starting one online-based business:
1. Location Freedom – You Can Work from Anywhere
Unlike a regular job, an online business can be operated anywhere as long as you have Internet access. This means that you can be working on your business while you’re traveling or simply outside in your local park. This digital lifestyle is perfect for you if you hate being confined to a small cubicle for eight to ten hours a day.
For many people, the digital lifestyle also gives them the ability to work at home and spend more precious time with family members. It means being able to drive their children to school and spend more time with their partner. You are no longer bound to a specific location.
2. Time Freedome – You Create Your Own Schedule
One of the biggest benefits of the digital lifestyle is the ability to take control of your time and your life. Instead of working the nine to five life, the digital lifestyle allows you to build your work life around your actual life. If you want to start early in the morning at 6 AM and finish your workday by 3 PM to do the other things you love, you’re free to do so.
Another common issue that many people have to deal with is the commute to work. According to CNBC, the average one-way commute time clocks in at 26.1 minutes. But in bigger cities, it’s not uncommon for some workers to spend anywhere from one to two hours each way to work.
3. It’s Low Cost, Low Investment
As mentioned earlier, the online business has a very low barrier to entry. Unlike traditional brick and mortar businesses, you don’t have to sign up for an expensive lease for a business you’re not even sure will work. There are only a few services you’ll need to pay for to get started. The list includes a domain name, web hosting, web design services, and an email marketing platform.
A domain name costs around $10 to register and is good for one year. Web hosting comes out to $10 to $20 a month, and email marketing platforms cost $20 for starter packages. There are also many high-quality, free web design templates you can find online. When you add it all up, it comes out to $430 to $1000 for the whole year or $43 to $83 a month.
4. The Online Business Model is Scalable
One of the best aspects of the Internet business model is how scalable it is. There are so many different channels and strategies that you can utilize to market your business. This includes blogging, social media, SEO, email marketing, paid to advertise, creating your own affiliate program, strategic partnerships, and influencer marketing just to name a few things.
Chron reports that many traditional offline business models like retail stores, professional services, multiplayer video games, and auctions have been taken to the online medium for immense growth. Consumers have grown comfortable doing their shopping online which is providing more opportunities for other business models. And you don’t have to confine your business online. If you ever want to take your business to the next level, you can expand into mobile marketing and traditional offline mediums (TV spots, radio, direct mail print, newspaper, billboards, etc.) as well.
4. It’s Your Business, Not Someone Else’s
If you want to take control of your time and your life, you need to realize that your role as an employee only ends up building somebody else’s business. You are trading your time and energy to help somebody else achieve the financial freedom you’ve always dreamed of. And at this day and age, you’re only given small matching contributions to your retirement fund for the company’s loyalty, which often isn’t enough.
By starting your own business, you are building something for yourself. You’ll also enjoy working a lot more if you can pick a business that aligns with your passions or interests. And if you ultimately manage to build a successful business after several years, you’ll be able to sell it for a very large sum of money.
5. You can Make Money While Sleeping or Doing your Own Things
As an employee, you are paid for the number of hours you work. This concept does not apply to the Internet digital lifestyle. Your website can generate sales throughout the entire day and every day of the week without your involvement. The reason why is because there are many technology solutions that allow you to automate your online business. These tools truly allow you to take control of your time and your life.
You can also automate various aspects of your business like customer support and shipping with various services. And if there isn’t a solution for it, you can affordably outsource parts of your business to online freelancers.
6. It’s Perfect for Job Security (Backup Plan)
The global covid pandemic since 2019 proved that there is no such thing as job security. Millions of jobs were lost due to covid, especially hospitality and tourism. It’s not irrational today to worry about the possibility of losing your job due to the economy or other unseen forces. By starting your own Internet business, you’ll be able to take control of your time and your life.
You claim responsibility for your own success. You are the creator of your own destiny. There is no glass ceiling, office politics, and nepotism preventing you from getting to the next level. Even if the economy does get hit again, your business will give you more opportunities to generate an income than the average employee.
7. You Get to Be Your Own Boss
For many people, the biggest benefit of living the digital lifestyle is the ability to be their own bosses. You truly get to take control of your time and your life. There is nobody that can force you to do the things you don’t want to do. You have the freedom to express your creativity, use your problem-solving skills, come up with strategies, and really make an impact on the company’s success.
You get to make the rules because you’re in charge. Whether you work with freelancers or hire employees, you’ll be able to determine what’s acceptable and what’s not. If you hate mediocrity, then you’ll be happy to know that you can set the standard rather than abiding by a broken system that can’t be changed.
As you can see, an online business allows you to take control of your time and your life. There are numerous benefits of living the digital lifestyle. Hopefully, these reasons have convinced you to really think about getting started. With the small amount of risk and potential for large rewards, there’s no reason why you shouldn’t give it a try.
Originally published at startuponlineguide.com on September 7, 2018.